Meesho Share Price Hit Lower Circuit Again After Senior Management Exit

Meesho share price (NSE: MEESHO) dropped 5% on Thursday, hitting the lower circuit for the second consecutive session. The fall came after the company announced the resignation of its general manager for business, marking the first senior-level exit since its listing.

The stock slipped to an intraday low of ₹164.40 before recovering slightly to trade around ₹166.70, still down 3.6%, while the Nifty 50 fell just 0.30%.

Meesho Share Price Performance

Meesho shares have now declined for 3 straight sessions.

• YTD fall: 8%
• Market capitalisation: ₹74,579.49 crore
• 52-week high: ₹254.65

In comparison, the Nifty 50 is down only 0.27% so far this year.

Details of the Senior Management Exit

In an exchange filing, Meesho said that Megha Agarwal, general manager for business, has resigned. She was one of 6 senior leaders reporting directly to founder and CEO Vidit Aatrey.

Agarwal joined Meesho in 2019, took charge of growth in 2022, and became general manager in 2023, leading the company’s category management function after the exit of Utkrishta Kumar.

Leadership Changes Announced

Following Agarwal’s exit, Milan Partani, who was heading user growth, has been given an expanded role and will now serve as general manager for the commerce platform, the company said.

Lock-In Expiry Added Pressure

The stock had already fallen 5% on Wednesday after the expiry of Meesho’s one-month shareholder lock-in period. Around 110 million shares, or nearly 2% of the company’s equity, became available for trading, adding to selling pressure.

Also Read: Government Leans on Dividends as IDBI Bank Sale Becomes Key to FY26 Capital Receipts!

Listing Background

Meesho made its stock market debut on December 10, 2025.

• Listing price (NSE): ₹162 (46% premium)
• Post-listing high: ₹172.80
• BSE listing price: ₹161.20 (45% premium)

After an initial rise, the stock has faced pressure due to profit booking and recent developments.

Conclusion

Meesho’s stock is under pressure due to a combination of a senior management exit and the end of the lock-in period. While the company started strong after listing, investor sentiment has turned cautious, and near-term volatility may continue as markets assess leadership stability and post-IPO supply.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.